A homestead exemption reduces your taxable property value, lowering your annual tax bill. Rules vary significantly by state — and many homeowners leave money on the table by not filing.
Current coverage:
Detailed rules for CA, TX, FL, NY, PA, IL, OH, GA, NC, MI (10 most populous states). All other states: assessor referral.
Data sources: State revenue departments, 2023–2024.
Important: Exemption rules, amounts, and income limits vary by county within each state. This calculator uses statewide averages or general exemption amounts. Always verify eligibility and amounts with your county assessor before filing.